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March 31, 2004
Should we call him "Benedict Kerry?"
Posted by McQ
Per "The Hill", the usual political hypocricy is alive and well in JF'nK's campaign.
On receiving an endorsement from the AFL-CIO last month, Kerry said: “When I am president, and with your help, we’re going to repeal every benefit, every loophole, every reward that entices any Benedict Arnold company or CEO to take the money and the jobs overseas and stick the American people with the bill.”
But he's not going to do any of that yet ... especially while they're giving HIM money:
The Kerry campaign did not return phone calls seeking comment on Kerry’s investments and his receipt of funds from “Benedict Arnold” companies. But official records show the following pattern involving firms that outsource jobs:
• Citigroup executives have contributed $68,250 to Kerry’s presidential bid. There was a maximum contribution from the company’s chairman and CEO, Charles O. Prince.
• Morgan Stanley executives have contributed $38,000 to the campaign, including a maximum donation by Richard B. Fisher, chairman emeritus.
• AOL Time Warner executives donated $29,750 to Kerry, with maximum contributions from James V. Kimsey, AOL co-founder and chairman emeritus, and Kathryn Bushkin, president of the AOL Time Warner Foundation and a senior vice president of the company. AOL Time Warner ranks as the third largest donor to Kerry’s political career.
• Goldman Sachs executives have contributed $50,300 to the candidate’s presidential campaign, including a maximum contribution from Vice Chairman Robert S. Kaplan. The investment firm is Kerry’s ninth largest all-time donor base.
Likewise, Kerry’s most recent Senate financial disclosure shows that he and his wife are heavily invested in companies that outsource jobs.
...
The Washington Post reported that Kerry received significant donations and fundraising assistance from executives at companies that have reorganized in offshore tax-havens. While no physical displacements directly result from such a move, it can drastically reduce a company’s tax burden.
Executives and employees at these companies have contributed more than $140,000 to Kerry’s campaign, the paper noted. Kerry has also benefited from the fundraising prowess of two investment executives who facilitate offshore corporate reorganizations. Those individuals have raised more than $400,000 for the presidential campaign, the paper reported.
Or making him money:
Direct investments and trusts controlled by Kerry list assets of $124,026 to $636,000 in such companies. Trusts held by Teresa Heinz Kerry hold at least $8.5 million in outsourcing companies. Seven of those holdings — with AIG, Anheuser-Busch, General Electric, Goldman Sachs, IBM, Pfizer and Procter & Gamble — were valued at greater than $1 million.
Only Teresa Heinz Kerry’s investments produced income last year. Dividends and capital gains from those holdings or transactions brought in between $1.07 million and $9.47 million.
By the way does it bother anyone else that JF'nK gets all upset if someone even hints at questioning his patriotism, but he doesn't give a second thought to questioning the patriotism of "Benedict Arnonld CEOs?"
Just wondering.
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